Archives for April 2017

April 30, 2017

Venezuelan President Nicholas Maduro increased salaries and provided free housing in an attempt to counter the protest movement, calling for his impeachment. On Sunday, Maduro reported that as of May 1, the minimum wage increases by 60% and workers will receive at least 200,000 bolivars per month, including food subsidies. Officially, this sum amounts to

April 29, 2017

The recovery of the French economy is slowing its pace ahead of the impending second round of presidential elections in the country. The Gross Domestic Product (GDP) grew by 0.3% on a quarterly basis, according to data from the Insee Statistical Institute. The markets expected growth of 0.4%. At the end of 2016, the country’s

April 28, 2017

The Central Bank of Russia lowered its leading interest rate by 0.5 percentage points to 9.25%. The bank notes that inflation is close to the target of 4% and the expectations for its decline remain unchanged, as well as for the recovery of economic activity. At the same time, inflationary risks have not gone completely,

April 27, 2017

Bank of Japan raised its assessment for economy growth, but left its monetary policy unchanged at the end of its session on Thursday. According to the bank’s analysis, the Japanese economy will continue to expand at a good pace throughout the fiscal 2017-2018 amid weak financial conditions and ongoing economic expansion across borders. The bank

Central Bank of Turkey raised one of its interest rates in an attempt to curb double-digit inflation. The monetary regulator raised the interest rate charged by banks that want to borrow funding just before the closing of the stock exchange session. The rate rises from 11.75% to 12.25%. Since January, the Central Bank of Turkey

Crude oil prices decreased on Wednesday and remain close to the four-week low, which was reached after a surprising rise in kd reserves in the United States. The US light WTI crude fell by 0.18% to 49.47 USD per barrel, while the European benchmark Brent oil wiped 0.36% of its value to 52.38 USD per

April 26, 2017

Lower consumer prices have apparently encouraged Germans to shop more in April. Thanks to lower inflation, the households have spent more money, according to the report of GfK in its monthly consumer confidence survey. In addition, fewer Germans are worried about their workplace. More preoplr are convinced that the economy is on the rise. “In

The consumer confidence in France remains unchanged after the first round of presidential elections in the country, staying at its highest levels since 2007. The consumer confidence index remains at the 100-point level for the fourth consecutive month in April, according to data from the National Institute of Statistics and Economic Research. On April 23,

US will not withdraw from the North American Free Trade Agreement (NAFTA), said US President Donald Trump in a telephone conversation with the leaders of Canada and Mexico. For now, Trump will not interfere the operation of NAFTA. Trump, Mexican President Enrique Pena Nieto and Canadian Prime Minister Justin Trudo have agreed to proceed swiftly,

April 25, 2017

Aluminum is close to become the best-performing industrial metal in 2017. The growing confidence that China will take steps to end oversupply, encourages prices of the commodity to their highest level in nearly three years. The industrial metal, which is used for a number of purposes, recorded a rise in its price of nearly 15%